Whichever regional Polystyrene markets you work in, ICIS offers the thorough pricing information you need to operate with confidence.
Our insights into regional Polystyrene markets are provided by our network of reporters based locally in those markets.
Updated to Q2 2018
Supply of polystyrene (PS) was stable in the second quarter with most plants operating normally. Supply along the Asia supply chain was flowing smoothly to end-users with most able to secure regular parcels to meet production requirements. Producers were mostly running plants at high rates with sporadic maintenance shutdowns at some facilities having little impact on overall supply in the region. Some PS from Asia were exported out of the region to India and the Middle East which helped prevent an overhang in the region.
Demand was weak in the first half of the second quarter which is typical for this part of the year. Some pick-up was seen in the second half of the quarter and production activities in China kick into higher gear. However, the recent flare up of a trade spat between the US and China dampened demand of PS in the region. Trade has slowed in June as market participants became hesitant and concerned over the impact of potential tariffs on the global economy.
We offer the following regional Polystyrene coverage to keep you informed of factors and developments affecting prices in the Asia Polystyrene marketplace.
Price Reporting – More information about the price reports we publish on Polystyrene
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Polystyrene
Track historical price data
Other types of reports we cover for Polystyrene
Use margin reports to assess the profitability of commodities
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Polystyrene (PS) is a thermoplastic polymer and is available in several forms: general purpose (crystal), medium impact, high impact and expandable
The diagram below shows the main method of making polystyrene (PS) from naphtha, a product mainly derived from crude oil.
The ICIS Asian polystyrene (PS) report includes both the general purpose (GP) and high impact (HIPS) grades and covers several key trading markets, most notably Hong Kong and China.
Hong Kong remains a key trading hub for PS and our report and this quote is pertinent in providing an accurate snapshot of the spot market in China.
The China price quote covers several key trading areas including Shanghai and Shenzhen. Price assessments and commentary for the Chinese domestic markets are also included.
Coverage on the southeast Asia (SE Asia) market completes the round of the PS market in the Asia-Pacific. Besides tracking traits in the market, the report also comments on the demand-supply situation and reviews plant operating rates in Asia.
This provides additional context to our analysis and gives our clients more information with which to make informed decisions.
Working closely with our colleagues and China we poll producers, traders and end users before providing an accurate price assessment.
The ICIS report helps our customers to make sense of the market.
Our detailed and reliable price assessments have made them an essential reference tool, be it in contract negotiations or as an independent source of arbitration.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Polystyrene. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
ICIS pricing’s Polystyrene Asia margin report covers integrated and stand-alone (or non-integrated) production of both general purpose polystyrene (GPPS) and high impact polystyrene (HIPS) in both northeast and southeast Asia. The integrated models are based on naphtha, the dominant cracker feedstock in Asia, combined with feedstock benzene sourced from the cracker and, in the case of HIPS, purchased polybutadiene. Full account is taken of cracker co-product credits. The stand-alone models consider GPPS production from purchased styrene and HIPS production from purchased styrene and polybutadiene. All models are based on spot prices.
For more information on ICIS pricing’s Polystyrene Asia margin report, read the full methodology here.
More on ICIS margin reports
Whether you are a buyer, a seller or a trader, ICIS margin reports can help you understand how costs and prices hit product profitability. Our reports provide prompt signals on the direction of variable margins for a range of commodities. Our margin offering delivers reliable and timely indicators of the extent to which producers are covering their fixed costs. ICIS margin calculations are underpinned by Linde Engineering plant manufacturing and feedstock yield models.
For more information on ICIS margin models in general, view our video.